The artificial-intelligence boom is sending Silicon Valley’s talent wars to new extremes.
Tech companies are serving up million-dollar-a-year compensation packages, accelerated stock-vesting schedules and offers to poach entire engineering teams to draw people with expertise and experience in the kind of generative AI that is powering ChatGPT and other humanlike bots. They are competing against each other and against startups vying to be the next big thing to unseat the giants.
The offers stand out even by the industry’s relatively lavish past standards of outsize pay and perks. And the current AI talent shortage stands out for another reason: It is happening as layoffs are continuing in other areas of tech and as companies have been reallocating resources to invest more in covering the enormous cost of developing AI technology.
“There is a secular shift in what talents we’re going after,” says Naveen Rao, head of Generative AI at Databricks. “We have a glut of people on one side and a shortage on the other.”
“There is a secular shift in what talents we’re going after,” says Naveen Rao, head of Generative AI at Databricks. “We have a glut of people on one side [in tech] & a shortage on the other” https://t.co/yfHihwU937
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